Insurance, often annoying but you often can not avoid it. Means at the same time an inexhaustible source of money for companies that offer it. 🤑
Warren B. is a smart guy and has been investing in insurance companies for a long time, $BRK.B (+1,48 %) has taken over a lot of them.
I, too, have only had very good experiences with insurance companies, at least as far as making money is concerned.😁👍
A few months ago I accidentally stumbled across $TRV (+1,22 %) mainly because I immediately liked the logo 😁 and I took a closer look at the stock.
What do I like and why do I want to build a position here now🤔.
- Dividend increase ✔️
- Payout Quote✔️
- Shares Rückkäufe✔️
Here are a few details from Q1 23 earnings from the end of April.
- $975 million net income or $4.13 per share
- Capital returned to shareholders $680 million of which $218 million was paid out in dividends and shares repurchased for $462 million.
- The dividend will be increased in June for the 19th consecutive year by 8% to $1 per quarter, which currently represents a dividend of 2.10%. At about 25% payout quite solid.
- A further $5 billion has been authorized for share repurchases.
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